Stollery Children's Hospital Foundation
Edmonton, AB T6G 2C8
President & CEO: Mike House
Board Chair: Marshall Sadd
Charitable Reg. #: 12207 3158 RR0001
Grade: C+The grade is based on the charity's public reporting of the work it does and the results it achieves.
Need for Funding
Full-time staff #52
Avg. Compensation $61,804
Top 10 Staff Salary Range
|$300k - $350k||0|
|$250k - $300k||0|
|$200k - $250k||1|
|$160k - $200k||0|
|$120k - $160k||3|
|$80k - $120k||6|
|$40k - $80k||0|
About Stollery Children's Hospital Foundation:
Tracing its history back to 1978, when the Northern Alberta Children's Hospital Foundation began to advocate for a children's hospital in Edmonton, the Stollery Children's Hospital Foundation (SCHF) supports the Stollery Children's Hospital in Edmonton, Alberta. The new hospital was opened in 2001, funded by a generous donation from Bob and Shirley Stollery.
In F2014 the Foundation granted $9m to the hospital to support five pillars: innovation and discovery ($4.4m), the journey of the complex child toward optimum health ($1.9m), family-centred care ($1.4m), highly skilled professionals ($1.1m) and quality outcomes, quality care ($200k). Each year, the hospital submits a list of priority projects to the board of the SCHF, who then evaluate the submission to determine what the SCHF will commit to funding. Examples of recent projects include funding that allowed the biomedical team to develop special incubators for neonatal transport and the purchase of cooling blankets ($30k each) for the neonatal intensive care unit.
In F2015 SCHF’s administrative costs were 10% of revenues, while fundraising costs were 25% of donations. In F2015 SCHF had funding reserves of $54m, $9.8m of which were donor-endowed. SCHF’s non-donor-endowed funding reserves cover annual grants 4.2 times.
This charity report is an update that has been sent to the charity for review. Changes and edits may be forthcoming.
Updated August 13, 2015.
Financial RatiosFiscal year ending March
|Administrative costs as % of revenues||10.3%||9.6%||11.1%|
|Fundraising costs as % of donations||24.5%||20.6%||19.8%|
|Program cost coverage (%)||490.0%||540.9%||280.8%|
Summary Financial StatementsAll figures in $000s
|Business activities (net)||68||(43)||33|
|Cash flow from operations||4,713||7,385||(1,525)|